Short Take: S3 takes charges, revenue falls

S3 reported fourth-quarter revenues of $101.9 million, down from $127.9 million last year. Net income for the quarter before charges was $1.7 million, or 3 cents per share. Including charges, net loss was $8.1 million, or 16 cents per share, compared to a net income of $14.6 million, or 30 cents a share, reported a year ago. The charges of $17.2 million represented the write-off of intangible assets in the company's attempt to focus on its core graphics business.

27 January 199812:40 pm AEDT

S3 reported fourth-quarter revenues of
$101.9 million, down from $127.9 million last year. Net income for the
quarter before
charges was $1.7 million, or 3 cents per share. Including charges, net loss
was $8.1 million, or 16 cents per share, compared to a net income of $14.6
million, or 30 cents a share, reported a year ago. The charges of $17.2
million represented the write-off of intangible assets in the company's
attempt to focus on its core graphics business.